BTCUSDT is testing the 0.618 Fibonacci level

The price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse.

At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin.

How to approach?
IF the price is going to have a new rejection from that area, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

Kommentera:

The price is testing the 0.618 Fibonacci level as resistance.
If the price is going to have a clear rejection, we could see a new bearish

let's see!

Kommentera:

more down if the price is going to lose the support

Kommentera:

The Price following my drawing!